Sunset unveils Maricopa riches
Australia’s Sunset Energy has uncovered about 40 metres of potential oil pay
in the Wellington Maricopa-6 well in the San Joaquin basin in California.
The well, the company's first on the property, reached a total depth of 1082
metres and is now being completed in preparation for production equipment.
The outfit plans to test the well within the next month in order to clarify
its commercial significance.
“The potential oil zone encountered at the well has exceeded our
expectations,” Sunset said in a statement today.
A successful production test will result in a follow-up well being drilled at
the Maricopa Wellington-7 site as soon as a rig can be contracted. Other
follow up locations have also been identified.
Sunset is earning a 50% interest in the Maricopa project. Its joint venture
partner Solimar Energy holds the remaining 50% and acts as the operator.
The 120-acre lease lies two miles east of the town of Maricopa within the
southeast end of the Midway Sunset oilfield.
26 March 2008 03:13 GMT
| last updated:
26 March 2008 06:04 GMT
Latest jobs
